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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,800,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Outstanding 22.25 acre site offering many opportunities. 649 feet frontage on O'Connell Drive and 446 feet frontage on University Drive. Site is strategically located near institutional facilities, recreation, grocery store and a car dealership and many other amenities. Site is zoned Innovation District (front 12 acres) & Residential Medium Density (10.25 acres @ rear) and is located less than 1 km from downtown. (id:39198)
Location
Province
Newfoundland & Labrador
City
Corner Brook
Address
0 O'connell Drive
Postal Code
A2H5M8
Location Highlights
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Listed by
RE/MAX Infinity Realty Inc. Newfoundland & Labrador listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$2,800,000
Asking Price
$2,800,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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